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falls where on the map. it's coming up. >>> all right. now to the looming fiscal cliff and the last-ditch effort to stop the nation from going over. >> the president is meeting with congressional leaders just about an hour ago. any last-minute deal will likely have to wait until the senate returns. >> reporter: president obama summoned congressional leaders to the white house today hoping for a deal to avoid the fiscal cliff. the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal
sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole sequester was a way to deal with this later. and corker, i think, on some of the morning shows this morning, senator corker said the worst case today would be to set up another later deadline that would keep the hard questions -- >> and i think a lot of this is so abstract, but if those milk prices go up for people around this country, that's going to be the thing that gets people really animated. >> that and payroll taxes, if they go up, that will hit a lot of americans across the board. >> interesting to see a lot of the stocks today that have exposure to dairy futures, whether it's an hsy, who knows? i haven't even gone throu
i we have been following developments on the fiscal cliff talks. right now, senate leaders at an impasse over tax hikes and they are running out of time n just two days, those massive tax hikes and spending cuts will kick n so, let's go now to jessica yellin in washington. jessica has been monitoring events at the white house. you first reported to thanks minority leader mitch mcconnell, vice president bind have been in talks and i'm wondering, with no disrespect to the vice president what can he do? what does he bring? >> reporter: hi, martin. well, he bring morse than 350 years of experience on capitol hill and an ability to make deals. and you know, mick mcconnell, the senate minority leader said he was looking for a dance partner. i guess sort of -- you can think when you get bored dancing with one person, you switch over for a little while and try someone else. i have just been told that at this stage, it is senators mcconnell and biden and senator reid who are now again in the talks, sort of collectively so they are all in discussions broadly. and you know, i don't kn
'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline, of course, just hours away. if lawmakers wind up kicking the can down the road, they may want to come up with a way of saying so. that son the annual list of words to be ban issued. spoiler alert, trending and bucket list, not surprisingly the phrase that got the most nominations this year, fiscal cliff. so that brings us to this morning's squawk on the tweet. what other phrases should be banned and why. and remember, try and keep it clean. tweet us at squawk street. we've got your responses throughout the morning. fiscal cliff definitely has to go. >> i can't wait for hash tag to go away. >> we'll start hearing about the debt ceiling in two months. >> a ban on 2013's list. >> have a great new year. >> you as well. i have no special plans. i have a 3-month-old daughter -- >> that's very special. >> i'm prohibited from going anywhere. we have dinner reservations about 4:30 p.m., though. >> early birds. >> happy new year. >> same to you. >> presidents of americans for tax reforms, grover norquist ond how his
to go south? >> that's right. happy new years, america. we appear poised to dive off the fiscal cliff starting with a round of finger pointing today. this is classic gridlocked washington. why america is fed up with the lawmakers and all about pointing fingers, gaining the upper hand here. and also, gaming this out because if we do dive off the cliff an we don't get a deal in the next couple of days, which looks increasingly like where we're headed then we come back in january and have to negotiate again and a political advantage for both sides if that's the case. >> her's the thing. even if a deal does get done at this point, it's a small deal. much smaller deal than both sides said they wanted several months ago. the debt ceiling, will be back in two months. there's a good chance we are going to be revisiting a budget issue in march, as well. is this the new d.c. zachary? >> well, it's kind of an old d.c. and the current version, you know, 4.0. and you're absolutely right. it's convenient because there's a news hook for the fiscal cliff for january 1st and calling this now b.c. befo
the fiscal cliff and sharing your messages right here for congress and the country to hear. our josh levs up next with those. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit today. >>> we have been listening to members of congress when talking about the fiscal cliff, i enjoyed more hearing from you can the people, because after all that's what democracy is all b josh levels is back now with more of your messages for especially those in washington. >> yeah, i mean, look this is part of what's inspired people in washington to actually do something, is the mounting frustration in addition to the fiscal concerns, the mounting frustration all over the country, as
comments on the fiscal cliff at 5:45 eastern. keep it right here on fox business because, do you ever have too much money? so, , this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. adam: that's a live picture of the white house inside the press briefing room. president obama is going to make comments from the pest room 5:45 eastern regarding the fiscal cliff. as soon as he comes into the briefing room and takes to the podium fox business will bring us his statement live right here. >>> but firsts more sabre-rattling coming out of iran. the rogue state launching major military exercises. served in the u.s. navy for 11 years. i would imagine. you were in at some point ever in the persian gulf area? >> i was off of somalia with the uss el paso.
're on the edge of the fiscal cliff right now but that doesn't mean we're just going to sign off on anything. republicans are kind of holding their ground at this point and i believe that means there is a deal this weekend, if something happens in the white house today, it will require democrats to either change their stance on taxes and also include a promise of cuts and entitlement reform. otherwise, we really are looking at january 1 and the fiscal cliff happening. in which case a resolution won't happen until the new congress comes into session on january 3rd. gregg: that's right. we've been following not only the events on the floor but people stepping before microphones. here is representative jim moran. >> there are going to be voting sunday night and then probably watching the skins-cowboys fame in the cloakroom. then we'll, then we'll be in session on december 31st as well. gregg: what does he mean, we're going to vote sunday night? >> here's what might happen. both parties meet with the president today at the white house. they all say look, here we are on the precipice here. let's
, right now senate leaders scrambling to find common ground to avoid going over that fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's now owed on this massive $16 trillion debt. in fact, the president's tax hike would only fund the government for eight days. >> the senate is se
right, a last-ditch meeting to avoid that fiscal cliff it appears has just wrapped up at that time white house. president obama called congressional leaders to the white house. the hope was he could hash out the framework for a possible deal. danielle nottingham joins us with the latest. okay, did they get it done, danielle? >> reporter: derek, we're just not sure what happened. all four leaders left the white house without speaking to the media. we can only assume that means this wasn't a productive meeting. top congress impressional leaders left the white house after a last-ditch fiscal k cliff meeting with president obama. the closed door meeting was an attempt to avoid the automatic tax headaches and spending cuts set to king at the start of the new year. with just three days to go republicans and democrats are still blaming each other. >> i want to thank all of you for being here to call upon the republicans not to drop the ball on the middle class. >> reporter: there was a new year's eve style rally saying the fiscal cliff ball is in the republicans court. >> it's republicans who a
out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> republicans are expressing frustration saying the president is trying to put the blame on them for going off the cliff but when senator mcconnell was brought a few days ago mcconnell's office says he got a call from senator reed or democrats to talk about the fiscal cliff in about a month. they feel like they have not gone the extra pile here. >> the vice president getting a call today. what do they make of all of that? >> that could be a big deal. it shows the white house push back they are going to say look he has been pull
on the brink. the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much more. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problem
right. well who needs washington? starbucks actually has a plan to brew a fiscal cliff deal. now in a letter to starbucks employees ceo howard schultz asked employees at its d.c. area store to write, come together, on coffee cups when serving customers thursday and friday. rather than be bystanders you and your customers have the opportunity and i believe we all have a responsibility to send our elected officials a respectful but pointed message, urging them to come together to find common ground. this is not the first time starbucks has taken a political stand. during the debt ceiling debate in august 2011, schultz made a splash calling for boycott of political contributions it u.s. lawmakers until they struck a bipartisan deal. starbucks shares at this point down slightly, 48 cents. imagine john boehner going into starbucks and they write on the cup, come together. hello. lori: boehner, this is directly to you. tracy: exactly. howard schultz is on the campaign to fix the debt. he is one of the ceos that has come out. lori: he has nothing to lose being advocate, being outspoken.
the fiscal cliff, how it will affect your paycheck right away. >>> i'm tracee wilkins in prince george's county. coming up, clergy, children, folks who live in this county remember sandy hook by gathering for prayer in front of a gun shot. i'll have that story coming up. >>> another winter storm making its way. more cold air. >>> we continue right now to follow the latest on the fiscal cliff talks. in just a few minutes, president obama is expected to speak to the media. he's been in meetings all afternoon with congressionally leaders. those meetings wrapped up just over an hour ago. at this point, no word of an agreement. >>> so what if there is no deal? what's the impact of going over the clip for you and your family? we8, right away on your next paycheck you'll see an increase of 2% in the social security tax. for the average family that's about $1,000 more every year. now, something that might take a few weeks, income tax rates will also rise for everyone. if you make between $50 and $75,000, you'll stand to lose about $92 every paycheck. for those making between $75 and $100,000,
scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now talking about this right now with the senate gone home and congress in there working and the light is on, but few people are at home. why are we doing this? >> there is no good explanation. there's definitely no justification and no excuse for this. this is like, don, when you at the beginning of the year, when you are in school at the beginning of the year and you have been assigned a big project and you leave it to the last night. when i used to do thoo i was punished. if kids behaved the way the congresspeople were, they would be in time-out. if it were the private sector, they'd all be fired. no excuse. and the only solution i would
than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about run out of time. >> if we go over the cliff, and that's where we're headed, mr. president, the house of representatives as we speak with four days left after today before the first of the year, aren't here with the speaker having told them they'll give them 48 hours notice. i can't imagine their consciences, out wherever they are around the country and we're here trying to get something done. >> we're awaiting reaction from the senate minority leader, mitch mcconnell. when that happens we'll go live to the senate floor but a spokesman for john boehner says senator reid should talk less and legislate more.
somebody's having a laugh out there about this fiscal cliff business. >>> all right. they're going to do it again. anderson cooper and comedienne kathy griffin, teaming up to usher in the new year from times square. let's say thing got weird last night on "the situation room" when the two were promoting their new year's eve special. look at this. >> somebody tells me, and i'm not sure this is true, somebody tells me that you're obsessed with wolf blitzer. and yet every year it's me talking to you guys because i'm doing blitzer's show. i'm wondering, is that -- do you take it personally, do you think there's something to this? >> i have -- >> i think wolf is wise to stay away from kathy griffin because i once -- i don't know if you know this story, cathy -- candy. i lent -- kathy griffin one asked to come to my house in long island. and like a nice guy, i sent her a key because she wanted to go there a day in advance. and that night -- >> to clean up the place. >> no, first of all -- she arrived, she was terribly disappointed. i think she thought it would be like a house in downtown abbey
gordon and stan colander. thank you for coming back. as we stand on the edge of the fiscal cliff right now, any chance that we do not go over? guest: that is pretty small. we are relying on the senate to avoid this -- to avoid a filibuster. then we are relying on the house who for the last several weeks could not take the lead. it is important to state that while the official deadline is december 31. they can continue to work until the new congress on january 3. we have more like three days for them to get something together. host: are we going over the cliff? what does it mean if we do? guest: in some sense, we're going over the cliff even if they reach a deal. when you look at the deal they have been talking about, there will still be a lot left for future decision making. even if they are able to extend tax cuts for the middle class and do not do much of anything else, you still have the haphazard dealmaking not touching any of the issues the parties said they were concerned about leading into the fiscal cliff. the payroll tax cut is going to expire. no one is talking about extendin
. >> that's right. half of the fiscal cliff is the fact that the bush tax rates are expiring midnight tonight. we've focused on that, whose taxes are going up, is it $250,000, or $400,000. the sequester, the spending cuts to the pentagon and elsewhere kick in. the bottom line is when you talk to republican senators they say the issue is not taxes, it's if you give the president more revenue he'll spend it on more government programs. >> senator harry reid should have made sure the senate passed a budget sometime in the last three years and it would be reconciled with the house and you would have a framework, a budget resolution. the fact we're down to the 59th minute of the 11th-hour and a couple elected officials and unelected staffs behind closed doors doing a back room deal is an outrage. >> in the final moments, a key development is that vice president joe biden has been in delaware for the weekend. he came back a few hours ago and is huddled behind closed doors, two phone calls with mitch mcconnell. a year and a half ago, it looked like all hope was lost and vice president with h
the fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that extends tax rates for people who make $250,000 and below but raises them for those who make more than that. that it extends unemployment benefits for americans. and if the president, i'm told will say if he does not get an agreement to that plan, he will ask the other leaders what they can agree to, what what they would like instead. if they cannot come up with a proposal that will pass the house and the senate, will ask for a vote on his measure. but that meeting, candy, is still going on. congre congressional leaders arrived at the white house for a last-ditch meeting just days before a new year's de
, and the legislation they came up with, jeff, contributed o the fiscal cliff that we're facing right now. >> glor: the president says this just keeps happening again and again. nancy cordes, thank you. income taxes won't be the only taxes going up if there's no agreement. estate taxes paid by those who inherit property will also jump. here's john blackstone. >> reporter: jeff page owns 120- cre vineyard in california's napa valley. but when his great-grandfather started farming here in the late 1800s, this was cattle country. >> both sides of the family came en before the turn of the century, and farmed orchard fruit and cattle. he reporter: but much of the land he grew up on is gone, sold to pay estate taxes after his grandfather's death. had land back in the hills over there? >> yeah. >> reporter: had to sell it all. >> had to sell all of it? i reporter: estate tax? >> yes. >> reporter: his grandfather died in 1972 when estate taxes were at an all-time high: 77%. >> it was a big tax bill. it was half-a-million dollars. we sold off 150 acres; gave us hemething to pay the tax with. >> reporter: n
are glad you are here. right now, negotiations are under way to avoid the fiscal cliff. leaders are scrambling for a last minute deal. we have 35 hours and counting. here is more of president obama talking about the overall situation. >> what congress needs to do is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was that we should keep taxes where they were for 98% of americans, 97% of small businesses. but, if we are serious about deficit reduction, make sure the wealthy are paying more and combine it with spending cuts and put the economy on a long term trajectory of growth. over the next 48 hours, my hope is people recognize that regardless of partisan differences, our priority has to be to make sure taxes on middle class families do not go up. that would hurt our economy badly. at a certain point, it is very important for republicans in congress to say we understand we are not going to get 100%. we are willing to compromise in a serious way to solve problems. >> give you the liv
whitfield. here are the top stories we are following right now. >>> that fiscal cliff. we are at the very edge. senate leaders are working through the weekend trying to reach a deal before the deadline. today president obama called on lawmakers to meet their deadlines and responsibilities and forge a compromise to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i
, and i think it affects us right now in the fiscal cliff negotiations because we are not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate, and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together, maybe it's like a dysfunctional family, but we do have to work together because without bipartisanship, nothing is going anywhere. therefore, i think you have to go back to negotiations 101. which is that someone in a negotiation has to win some and lose some. the other party in a negotiation has to win some and lose some. the president is not going to get everything he wants. the republicans in the house and senate are not going to get everything we want. nor are the democrats in the house and senate. so we have areas where we can come together, and i've seen it. all of us were talking in the last couple of hours about how we have talked to our counterparts on the other side of the aisle
's handling the fiscal cliff. republicans in congress are in the mid-20s. >> that's right, there's no question about that, tremont. obama has done a much better job of positioning himself to take advantage of the fiscal cliff. he has painted republicans is only caring about their millionaire and billionaire friends. taking hostage the people of america. you have steny hoyer saying that republicans want to take children hostage and threatened to shoot them. this is vilifying republicans and it has been incredibly effective. in the short term, absolutely, the president is set to take advantage of this. tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have a
back, too. i don't think the fiscal cliff problem hit social security or medicare right away. they kind of sealed that off from se questions ration. but you mentioned unemployment before. there are a variety of other government programs that will be drastically cut back on tuesday morning if we don't get some kind of a deal by monday night. >> you know, ryan, when you look at -- when clarence was talking,ives looking and i think i have it. bills that republicans and congress have blocked this year. a bill that would have increased the minimum wage, a buffet rule bill, the employment, nondis crimination act that would have prohibited hiring people on the basis of sexual orientation. a u.n. treaty to protect the rights of disabled people around the world and the paycheck famous act so that women don't get paid less than men for doing the same job. i mean, there's been a variety of bills that they have seen not go past. they have actually stopped in a variety of ways that would have helped the american people. >> yeah, and you can throw the violence against women act, reauthorization onto
. speaking right. exactly. liz: more on the fiscal cliff. let's bring in peter. with us is former clinton advisor doug shoen. we have basically mr. boehner saying, look, you senate, you have not come up with anything. >> i think, unfortunately, we will probably get around it. i think it is a worse outcome to avoid the cliff then to go over it. i think we should broaden the discussion and look at what is going on around the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if we see the economy healing, bond yields could go
is afraid of is that the bill will actually pass and then we would avoid going over the fiscal cliff, right? come back to work and let a majority in the house, republicans and democrats, work their will. let democracy work to protect the middle class. it is essential we pass the extension of unemployment insurance. that is why the president has been very clear on that since day one that it should be a part of any plan. these are people who are out of work through no fault of their own. they are looking for jobs in what is still a tough economy and providing unemployment benefits provide more security for those americans and their families, but it is good for everyone else also. those people have a little bit more money in their pockets to spend on goods and services to support their family which is good for everyone else. when they are spending money, businesses can sell more goods and services and we have some small business representatives here who know very well that the more people have money in their pockets, the more customers they have with money, the more they can sell their goods a
average. there are fears that we're heading over the fiscal cliff. the markets had weak data. consumer confidence for the month of november which, again, reflected concerns that we were headed over the fiscal cliff. the dow, nasdaq and s&p all negative for the month right now. as we take a look at the dow jones industrial average, the drags are cisco system, bank of america. the best performing stock on the dow for this year following its very poor performance in the prior year, alcoa also weaker along with jpmorgan and h hewlett-packa hewlett-packard. 50 day average, when it breaks below that on decent volume, the down side the traders are watching the levels as we came into today's session. groups that are leading the s&p lower are financials which are the best performing sector of 2012. taking a turn south in today's session. energy and materials actually also joining the fray among the leading laggers within the sectors that we followed. we also wanted to point out jcpenney. it was an outlier and today it reverses. it's having its worst day in six weeks, i believe. the reason being
. "early start" begins right now. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he
crisis, things like our fiscal cliff crisis, a slowdown in china. this is how stocks are moving right now. it's no longer how many cannes of coke did we sell last quarter. it's really tied to this so it matters more than before. they're panicking and starteding to see it. look no further than the consumer confidence number dropping, the retail sales. ge has blamed some poorer results this past quarter on lack of investment. you know, honeywell is seeing the pain. they're not filling empty positions. it's already -- it has been starting to affect companies for probably, you know, at least the past quarter already. >> okay. thank you, joy, and thank you leigh. remember, president obama is going to make a statement on the fiscal cliff talks at 5:45 eastern time and msnbc will provide live coverage. until then, chris matthews is up next with the best "sideshow" moments of the year and the nra's best excuses for standing in the way of any and all reasonable restrictions on guns. this is "hardball," the place for politics. to the best vacation spot on earth. (all) the gulf! it doesn't matter wh
. >> 30 hours to go until the country hits the fiscal cliff and still no deal. i'm melissa rayberger, and the white house has sent one of its top negotiators to capitol hill, but right now it's all centered on the senate, and as democrats dig in to protect social programs, republicans do the same on taxes. >> raising taxes to pay for new spending is not something that republicans believe this debate ought to be about. it ought to be about reducing the deficit and the debt, and what they are essentially suggesting is we want new taxes. we want higher taxes on people in this country to pay for new spending. >> so what happens next? with us nbc news capitol hill correspondent mike vic rah and nbc news white house correspondent kristen welker. mike, let's get started with you. what's happening right now in the senate. i understand there's an update on the chained cpi. >> reporter: they say the darkest hour right before the dawn, melissa. everybody ought to hope that's true, at least if you don't want to see your taxes go up on midnight on monday and tuesday night because everything seems
over here. the way to avoid the fiscal cliff has been right in the face of the republican leaders, both mcconnell and baron --, boehner for days and days and days going into weeks and months and it's the only option that is a viable escape route. that's the senate-passed bill. it wouldn't hard to pass, i've talked about that at some length. every democrat in the house would vote for it, a handful of republicans would vote for it. that's all that would be nominee needed. but, mr. president, grover norquist is standing in the way of this. not the rich people. but grover norquist. the man who says what the republicans can do. so i say to the speaker, take the escape hatch that we've left you. put the economic fate of the nation heafd your own fate as speaker of the house. millions of middle-class families are nervously watching and counting down the moments until their taxes go up. nothing can move forward in regards to our budget crisis unless speaker boehner and leader mcconnell are willing to participate in coming up with a bipartisan plan. speaker boehner is unwilling to negotiate, we
, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will come next year, early this evening, shortly after the president's press conference, i had the privilege to speaking to republican senator tom coburn of oklahoma. senator, thank you so much for being here tonight. >> glad to be with you, ezra. >> it so seems to me the news of the day is the big deal is dead, completely dead, and we are down to either a small down, a mini deal, or going after the cliff straight. what is your reaction to this? >> i don't -- you know, i'm not sure that's true. just talking to my colleagues in the senate, i think the middle ground is pretty well known by everybody, and i think you could still get something that would be viewed by the ratings agencies as well as the american public as a pretty good solution. so i think it's possible. i don't know that that will happen. it's unfortunate that we're waiting until this late in the hour to try to accomplish something. >> so, then, what do you see as that middle ground? i know you're a member of
of dumb things about this fiscal cliff time bomb that washington is about to set off, but this one right here, this may take the cake as the single stupidest thing we could possibly do in this economy. providing unemployment insurance to people without jobs in addition to being the right thing to do, it is crazy stimulative. it is stimulus on steroids. when you give people money to spend and they don't have a job, when they done have any other money coming in. you know what they do with that money? they spend it. they spend pretty much all of it. they spend it on gas, on groceries, on bills, on rent, on clothing for their children. that is real money, and it goes right back into the real economy, to be spend again. it is not like tax cuts, where a big chunk gets saved. this money gets spent and spent quick. it helps the economy. cutting that off, all at once, means you take that money out of an economy, just beginning to get back on its feet. earlier this year, the congressional budget office looked at the economic impact of unemployment insurance. they found extending unemployment benef
. >>> the looming fiscal cliff with republican lindsey graham and dianne feinstein and the benghazi attack. a preview when we come back. >>> gwen tolbart will be back with the workweek preview. stay with us. we will be right back. it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> the so-called fiscal cliff is looming. a live look now at the capitol where lawmakers held negotiations into the night and early this morning. they will be con convening -- convening once again this afternoon. >> at the top of the hour, we are going to have an exclusive interview with senators diane phi stein and -- feinstein and lindsey graham. maybe they have gotten word as to how these negoti
fiscal cliff. >> no date to cut a day to reform entitlements by tuesday. >> if we do something right now to have long-lasting, adverse effects on economic growth, that will affect us for a long time. >> until the cliff, americans say fix the tax problem. >> it's so frustrating to see both sides so far apart. >> we should not be taxed more because they cannot work together. >> get the middle class down and figure of the rest of it come january, worst case. >> worst case? no deal on anything. some tea party republicans are ready to let everyone is taxes rise so they can quickly help fix the problem and claim they voted to cut taxes. wbal-tv 11 news. >> some good news and now with the ravens officially in the playoffs. now is your chance to get the post season tickets. >> if you get any, send them my way. we will let you know where to get them coming up. >> the following monument in mount vernon? the historic spots that could come down and why is a man-made problem. >> union will be able to protect your child from identity theft. >> still waiting on a damage estimate after a messy car crash
, could we possibly be on the verge of a deal to avoid the fiscal cliff? you are looking live right now at the white house. that's where something big is going to be going on. just about seven hours from now, it will be the sight of a high stakes meeting with president obama and the leaders of congress. and to weigh in on this is doug, live in washington more details. >> good morning. they're going to be talking today and maybe that in and of itself is something of an achievement. issues will be on the table in that room in the white house as they all gather around and one of the items that's being discussed here in washington, believe it or not, is the price of milk. more on that in just a moment. but the president did, in fact, return early from his vacation in hawaii yesterday. he is coming back for this big meeting at the white house. we don't know if there is a new white house strategy here or if there is going to a new offer from the president, but many republicans are not terribly hopeful. >> any time you announce a meeting publicly in washington, it's usually for political theat
on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me at this hour a deal is looking doubtful. of course, we want to underscore the fact that these negotiations are very fluid so that characterization could change at any moment, but it seems as though the discussions going on behind the scenes right now have yet to bear fruit and right now we do have the focus on the senate. majority leader reid and mitch mcconnell trying to hammer out a deal that would, to some extent ex
, fiscal cliff we have to deal with january 1st. >> chris: all right, panel we have to take a breake here, whe we come back the panel dusts off the crystal ball and gives us their predictions for 2013. ♪ ♪ >> chris: check out fox news, for behind-the-scenes features, panel-plus, and, our special monday preview of the week ahead. you can find it at and be sure and let us know what you think. stay tuned, for more from o [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. go to our website below to get u-verse high speed internet for just 14.95 a month for 12 months with a one-year price guarantee. it's all the speed you need all at a great price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that connects your wi-fi devices and can even save on y
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